Red 5 boosts cash holdings

RED 5 finally owns its Darlot mine free and clear having just paid the final A$5 million in deferred consideration to seller Gold Fields, two years after it agreed to buy the mine and reposition itself as a Western Australia-focussed gold miner.

Red 5 boosts cash holdings Red 5 boosts cash holdings Red 5 boosts cash holdings Red 5 boosts cash holdings Red 5 boosts cash holdings

King of the Hills is Red 5's future.

The payment comes as the company continues to generate a healthy cashflow from Darlot and King of the Hills in the Eastern Goldfields, with the company holding $40 million in cash and bullion at the